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The Alberta Stock Exchange (ASE) was a
stock exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for ...
based in
Calgary Calgary () is a major city in the Canadian province of Alberta. As of 2021, the city proper had a population of 1,306,784 and a metropolitan population of 1,481,806 making it the third-largest city and fifth-largest metropolitan area in C ...
,
Alberta Alberta is a Provinces and territories of Canada, province in Canada. It is a part of Western Canada and is one of the three Canadian Prairies, prairie provinces. Alberta is bordered by British Columbia to its west, Saskatchewan to its east, t ...
, established in 1913. It featured mostly mining, resource exploration, and
oil sands Oil sands are a type of unconventional petroleum deposit. They are either loose sands, or partially consolidated sandstone containing a naturally occurring mixture of sand, clay, and water, soaked with bitumen (a dense and extremely viscous ...
stocks. The ASE was the original listing exchange for
Bre-X Bre-X was a group of companies in Canada. Bre-X Minerals Ltd., a major part of Bre-X based in Calgary, was involved in a major gold mining scandal when it reported it was sitting on an enormous gold deposit at Busang, East Kalimantan, Indonesia. ...
, one of the biggest corporate frauds in Canadian history.A Lode of Lies: How Bre-X Fooled Everyone ''Washington Post'' May 18, 1997
/ref> On November 29, 1999, the ASE was merged into the Canadian Venture Exchange (CDNX), along with the Vancouver Stock Exchange (VSE) and the minor-cap stocks from the Bourse de Montréal (MSE). The corporate
headquarters Headquarters (often referred to as HQ) notes the location where most or all of the important functions of an organization are coordinated. The term is used in a wide variety of situations, including private sector corporations, non-profits, mil ...
of the new CDNX remained in Calgary.


See also

* List of former stock exchanges in the Americas *
List of stock exchange mergers in the Americas This is a list of major stock exchange mergers and acquisitions in the Americas. It also features the name of any resultant stock exchanges from mergers or acquisitions. According to Robert E. Wright of ''Bloomberg'' in 2013, historians assert tha ...
*
List of stock exchanges A list is a set of discrete items of information collected and set forth in some format for utility, entertainment, or other purposes. A list may be memorialized in any number of ways, including existing only in the mind of the list-maker, but ...


References

Financial services companies established in 1913 Financial services companies disestablished in 1999 Stock exchanges in Canada Economy of Calgary Financial services companies based in Alberta Defunct financial services companies of Canada 1913 establishments in Alberta 1999 disestablishments in Alberta Defunct stock exchanges {{Mining-stub